CBDT notifies new Form 52A to be furnished by producers of cinematograph films

Notification No. 132/2021, dated 23-11-2021

Any person carrying on the production of cinematographic films, for the whole or part of the year, is required to furnish a statement providing the particulars of the payment made by him or due from him of a sum more than Rs. 50,000 in aggregate to each person (employee or otherwise) engaged by him in such production.

Such statement is required to be furnished electronically to the Assessing Officer in Form 52A within a period of 30 days from the end of the financial year or within 30 days from the date of completion of production, whichever is earlier.

The Central Board of Direct Taxes (CBDT) has notified the Income-tax (32nd Amendment), Rules 2021, wherein the existing Form 52A has been substituted with new Form 52A. The New Form 52A seeks the following additional details from the assessee:

1. Details related to producer
(a) Status
(b) Residential Status
(c) Tax Deduction Account Number

2. Nature of Film
(a) Celluloid
(b )Other than Celluloid Film

3. Details of payment made or due for an amount over Rs. 50,000
(a) Amount paid in Cash
(b) Tax deducted at source or not on payment

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